This 4-bed, 3-bath property in Denham Springs offers strong rental potential with projected monthly revenue between $1,975 and $2,600. The 2,051 sqft home, built in 1985, is priced attractively at $125,000 ($61/sqft), significantly below market value. However, it requires substantial renovation, including flood damage repairs. The attached apartment adds rental flexibility.
Consider a full renovation to maximize rental income, focusing on modernizing the kitchen and bathrooms. Address the flood damage and ensure compliance with local regulations. The separate apartment could be marketed as an additional income stream or merged with the main house for a larger rental. Given the low purchase price, there's room for significant value-add through strategic improvements.